BDO In The Media

BDO professionals believe in the importance of staying on top of new trends, issues, and regulations. Viewed as industry leaders, our professionals are often turned to as media sources regularly appearing in major business journals, industry publications and media outlets. The following list is a sample of recent articles highlighting BDO’s Retail & Consumer Products practice
 
October 2017:
Can Automation Help Retailers Fend Off the Threat of Amazon? (Digiday)
Jennifer Valdivia weighs in on the long-term effects of robotics in retail, from supply chains to labor, amid encroaching competition from Amazon.
 
November 2017:
Cyber Monday expected to set e-commerce record (Houston Chronicle)
In its inaugural survey of 100 retail executives, BDO found that nearly 70 percent of respondents believed that price competition would be their biggest challenge this holiday season. Natalie Kotlyar discusses how retailers can capitalize on anticipated Cyber Monday growth.
 
Walmart, gaining on Amazon, says its online sales grew 50 percent (Washington Post)
More than one-quarter of Americans plan to do most of their holiday shopping on Amazon this year, according to BDO data.
 
Americans are Feeling Richer These Days, but They Won’t Necessarily be Spending More on Gifts (Washington Post)
High consumer confidence doesn’t necessarily translate to higher consumer spending for the holidays. Natalie Kotlyar shares her take on how consumers may be approaching holiday shopping this year.
 
Here’s the Credit Card That’s Gathering Dust in in Your Wallet (The Wall Street Journal)
Brick-and-mortar retailers closed more than 4,000 stores in the first half of 2017 due to declining sales and profitability, according to data from BDO’s Retail in the Red:  BDO 1H 2017 Bi-Annual Bankruptcy Update.
 
December 2017:
Too Many Shopping Deals are Hurting Consumers (The Street)
Shoppers are programmed to deal-hunt and according to BDO’s 2017 Consumer Beat Survey, 54% of consumers say discounts and promotions are the most influential factor in their holiday gift purchasing decisions this year, Natalie Kotlyar explains.
 
January 2018:
4 Public Policy Priorities for 2018 (Retail Dive)
While many are expected to invest in employees, how exactly retailers direct those funds depends on the company's growth strategy, Scott Ziemer, managing partner in BDO's Tax office and the former director of tax for two multibillion-dollar retailers, told Retail Dive.
 
February 2018:
BDO: Retail Execs Bullish on Tax Reform; Expect ‘Moderate’ Sales Increase in 2018 (Chain Store Age)
Retail executives forecast a 3.2 percent increase in total sales for 2018. BDO’s inaugural Retail Compass Survey of CxOs outlines opportunities and challenges that are top of mind in the industry.
 
Bon-Ton Stores Seeks Chapter 11 Bankruptcy Protection (The Wall Street Journal)
More than 20 retailers sought chapter 11 protection in 2017, and more than 4,000 stores were closed last year, according to BDO USA data.